Bought CME - bluedog - SocialPicks

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Bought CME
Jun 03, 2008 05:12 PM UTC

bluedog

Return	Risk
-6.48%	MID

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
CME		06/03/08	+6.74%	06/24/08

Via Bluedog:

I added to my CME position at $400.00. RSI(2) is at 0.11! That's about as oversold as I've seen. CME may be forming a double bottom with the low of Mar. '08, as Congress considers the degree to which speculators are contributing to the rise in crude. There is a real risk that futures markets will face additional regulation, which would impact CME, NMX, and ICE. I'm not sure if it will happen or not, which creates risk. But I like CME as a company and business model, and am cautiously scaling in here.

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